Powerd By SAG INFOTECH
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For starters, Advance Ruling under GST is written decisions/clarifications issued by tax authorities against requests from individuals or businesses on specific doubts over proposed or already undertaken supply of goods/services.
The NAA or National Anti-Profiteering Authority was set up with the sole purpose of ensuring benefits from GST rate reductions reaches the common taxpayer
In recent raids done by the Department of Legal Metrology officers, it was found that multiple chains of electronics and electrical appliances showrooms were doing the GST transactions in a wrong way.
The National Anti-Profiteering Authority doesn’t want to involve on rate cut tactics of sellers. It just wants that the benefits of a rate reduction in Goods and Services Tax should reach the end users.
It is very sad to know that the great man and prestigious politician of modern times in India, Mr Atal Bihari Vajpayee has done with the life and left its complete comrade of the political family behind.
The anti-profiteering authority of the goods & services tax (GST) is closely inspecting the top manufacturers of sanitary pads including Johnson & Johnson (J&J) and Procter & Gamble (P&G) to see whether they are passing on the GST price reduction benefits to the buyers/consumers of sanitary napkins or not.
The Indian government has provided a search tool for finding out the business details by the means of GST number to bring transparency between shopkeeper and customers. People must use this tool while GST number search to find out the registration type of business.
The GST Council, in its 29th GST meeting on Saturday, is likely to discuss the proposal to remove the CGST (central goods and services tax) levy on small businesses with annual turnover of up to Rs 1.5 crore.
The National Anti-Profiteering Authority (NAA), a constitutional body under the GST, was set up to ensure that the benefits from the GST Rate reductions are passed on to the end consumers.
